Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Nutanix, Inc. (NASDAQ:NTNX) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 886,338 shares of the technology company’s stock after purchasing an additional 29,241 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nutanix were worth $52,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bain Capital Investors LLC acquired a new stake in Nutanix during the 3rd quarter worth about $998,601,000. Driehaus Capital Management LLC grew its holdings in Nutanix by 123.9% during the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after acquiring an additional 794,215 shares during the period. Marshall Wace LLP raised its position in Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after acquiring an additional 477,838 shares in the last quarter. Deepwater Asset Management LLC acquired a new position in Nutanix in the second quarter valued at approximately $15,480,000. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in Nutanix in the 2nd quarter worth approximately $14,781,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

NASDAQ NTNX opened at $66.01 on Wednesday. The business has a fifty day moving average price of $65.09 and a 200 day moving average price of $59.28. The company has a market cap of $17.51 billion, a P/E ratio of -188.60, a P/E/G ratio of 10.40 and a beta of 1.13. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTNX. Needham & Company LLC boosted their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities reiterated a “market perform” rating and issued a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Raymond James increased their target price on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer assumed coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

Insider Transactions at Nutanix

In related news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.